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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (50284)9/2/1999 10:13:00 AM
From: Think4Yourself  Read Replies (1) of 95453
 
Your statements about NG prices were interesting. I was thinking about the prices all yesterday evening (yes, my life is sad) and came to the same conclusion as your friend. The traders and utilities are being VERY vocal about not needing more gas, stocks are adequate, etc. On the other hand, rig counts, E&P spending (Especially Doug VanFant's story of his management), and indepth studies all suggest supplies are very tight and shortages are likely. I tend to believe the story backed by cash expenditures.
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